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What is a varactor? A varactor (or a tuning diode) is a diode designed to be used as a voltage controlled capacitor. A diode starts as a piece of intrinsic mono-crystalline material. Intrinsic means ...
You should be able to recognise the graph of current against voltage for a diode. The diode has a very high resistance in one direction. This means that current can only flow in the other direction.