Final answer:
Ranked Choice Voting allows voters to express their preferences among all candidates, with their vote counting towards their next choice if their top choice doesn't win.
Step-by-step explanation:
The electoral system described in the question is known as Ranked Choice Voting. In this system, voters have the opportunity to rank candidates in order of preference. If their top choice doesn't win, their vote is then transferred to their next choice.
Learn more about Ranked Choice Voting