Step 1: Reaction of slaked lime with carbon dioxide.
Slaked lime is calcium hydroxide, \( \mathrm{Ca(OH)_2} \). With limited \( \mathrm{CO_2} \), it forms calcium carbonate.
Step 2: Effect of excess \( \mathrm{CO_2} \).
When excess carbon dioxide is passed, calcium carbonate further reacts to form soluble calcium bicarbonate.
Step 3: Chemical equation.
\[
\mathrm{Ca(OH)_2 + 2CO_2 \rightarrow Ca(HCO_3)_2}
\]
Step 4: Conclusion.
Thus, calcium bicarbonate is formed when slaked lime is treated with excess \( \mathrm{CO_2} \).