Which of the following takes place when a tax is placed a good ?

1. a decrease in the price buyers pay, an increase in the price sellers receive, and a decrease in the quantity sold

2. an increase in the price buyers pay a decrease in the price sellers receive, and an increase in the quantity sold

3. a decrease in the price buyers pay, an increase in the price sellers receive and an increase in the quantity sold

4. an increase in the price buyers pay a decrease in the price sellers receive and a decrease in the quantity sold