According to the photoelectric effect, the stopping potential \( V_0 \) is related to the intensity of the incident radiation by the equation:
\[
V_0 = \frac{h}{e} \left( \nu - \nu_0 \right)
\]
At constant frequency, increasing intensity does not increase the energy per photon but increases the number of photons striking the surface, which in turn increases the number of electrons ejected. However, after a certain intensity threshold, increasing intensity does not change the stopping potential significantly, causing the curve to level off. This is why the correct curve is an initial sharp increase followed by leveling off.