This is something that turned out to be fairly simple to do and took less than five minutes.
Turn off the emulator device
The Emulator device settings are in ~/.android/avd/EMULATOR_DEVICE_NAME.avd/config.ini. (You can also find the emulator device’s config folder by clicking options dropdown and selecting Show on Disk)
Set PlayStore.enabled to true and change google_apis in image.sysdir.1 to google_apis_playstore
1PlayStore.enabled=false
2image.sysdir.1=system-images/android-32/google_apis/arm64-v8a/
will become:
1PlayStore.enabled=true
2image.sysdir.1=system-images/android-32/google_apis_playstore/arm64-v8a/