It is compatible with
jdk 8 (which is what I have in my setup). Perhaps you need to setup its
path correctly in System Variables.
Not sure what the result of this was, but I have encountered the same error when I first ran android 9 on standalone sdk manager. What I did in my case was to upgrade the emulator, which altogether solved the issue, perhaps is the same scenario, firstly try upgrading the emulator and see if it solves the issue.
You can also try editing
image.sysdir.1 value to a full AVD path e.g
image.sysdir.1=C:\androidsdk\system-images\android-28\google_apis_playstore\x86\ as suggested by Akintunde
(I see some suggestions that you should rename
kernel-qemu in the system image folder but this didn't work as I hoped, the AVD screen just went black.)