And it only cost about 100x as much as a resistor, and needs filtering so add another 10x, and is slow to respond, but sure a regulator and many other complex circuits will work to sense a level that doesn't change very fast. Grahamg has the cheapest solution with a single high value resistor, if the 5V VDD supply is capable of both sourcing and sinking current. A resistor divider pair will work if the supply can source only. No need for zeners or anything else.
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