The rate of o2 production by the light reactions varies with the intensity of light because light is required as the energy source for o2 formation. thus, lower light levels generally mean a lower rate of o2 production. in addition, lower light levels also affect the rate of co2 uptake by the calvin cycle. this is because the calvin cycle needs the atp and nadph produced by the light reactions. in this way, the calvin cycle depends on the light reactions. but is the inverse true as well? do the light reactions depend on the calvin cycle? suppose that the concentration of co2 available for the calvin cycle decreased by 50% (because the stomata closed to conserve water). which statement correctly describes how o2 production would be affected