Which of the following could limit production capacity?

Production capacity can be influenced by various factors, and a shortage of experienced labor with a particular skill directly impacts this capacity. When a business relies on specific skilled labor to produce goods or deliver services, a lack of such workers means that the production process cannot operate at full potential. This shortage can lead to delays, reduced output, and an inability to meet production targets, ultimately restricting the overall capacity of the business to produce its products or services.

In contrast, while an increase in skilled labor would likely enhance production capacity, exceeding market demand could indicate that capacity is not being fully utilized. Additionally, the availability of new technology typically aims to increase efficiency and output, potentially raising production capacity rather than limiting it. Thus, the impact of a shortage of skilled labor on production limitations makes that option the most relevant in this context.