What is zener diode? What is voltage regulator?

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The breakdown region of a p-n diode can be made very sharp and almost vertical diodes with almost vertical breakdown region are known a s zener diodes. A zener diode operating in the breakdown region is equivalent to a battery. Because of this current through zener diode can change but the voltage remains constant. It is this constant voltage that has made the zener diode an important device in voltage regulation.
Voltage regulator: The output remains constant despite changes in the input voltage due to zener effect.
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