I get this error while I was in layout editor selecting api N for preview, It was so easy to fix,

1. install jdk1.8
2. Set “JDK_HOME” and “JAVA_HOME” environment variables.
3. Edit the file “/Applications/Android Studio.app/Contents/Info.plist"
4. Look for “JVMVersion”
5. add “1.8*,1.8+” to it:

...
<key>JVMVersion</key>
<string>1.8*,1.8+</string>
...

Now restart your “Android Studio”