Current world financial crisis began due coping with the unusual challenging environment during the Convid-19 pandemic, a lot of economists and politicians are working together to find an effective to solution for it. As a result, a lot of families in different parts of the world struggle to manage their life expenses. Requirements Engineers including you wish to produce requirement specifications for a system that will help these families to manage their budgets. The system shall serve the following general goals: •Categorize their weekly/monthly/annual expenses. •Allocate portions of their income to these expenses. •Save each financial transaction. •Provide statistical information. •Provide suggestions on how a budget should be managed. •Manage debits, credits, and loans. You need to answer following questions, keeping in view the above case study. (a) How prototyping does supports requirement engineering process. (b) What elicitation techniques will be effective to elicit the requirements of this system and Give reasons with suitable examples? (c)Identify your stakeholders from the above mention case study. Justify your choices.