I had the same problem, the solution was to change the โphysical memory sizeโ when creating the Android virtual device ... do 512 MB, because your computer cannot read the space (1.5 GB) in RAM.
How to create a virtual device to solve this problem?
First open Android Studio, then click Tools > Android > AVD Manager .
Secondly, click Create virtual Device after selecting a device (for example: nexus 4) and click Next and Select a system Image , then click Next .
Third, click Show Advanced Settings ; scroll until you see โRAMโ and change the value to a lower value, for example 512 MB.
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