Consider the element $a^{-1}a/a$. If we still have associativity, then:
$$a^{-1}a/a=(a^{-1}a)/a=/a$$
and
$$a^{-1}a/a=a^{-1}(a/a)=a^{-1}$$
Hence $a^{-1}=/a$.
The relation between left and right inverses depends on how you define the identity. Suppose we have a set $G$ with an associative operation on it. If $G$ contains an element $e$ with the following property:
For all $g \in G$, $eg=ge=g$
Then the statement
For all $x \in G$ there exists an element $x^{-1}$ such that $x^{-1}x=e$
implies the statement
For all $x \in G$ there exists an element $/x$ such that $x/x=e$
Indeed, they are the same element: let $x \in G$; then
$$xx^{-1}xx^{-1}=x(x^{-1}x)x^{-1}=xx^{-1}$$
Now apply the (left!) inverse of $xx^{-1}$ to see that $xx^{-1}=e$.
A natural question to ask, then, is:
If $G$ is a set with an associative binary operation, and a left/right identity; what is the relationship between left/right inverses of $G$?
Let's decompose this a little further. Suppose $G$ has two elements, $e$ and $f$, with the following properties:
For all $g \in G$, $eg=g$ and $gf=g$
Then $ef=f$ (left identity) and $ef=e$ (right identity), so $e=f$. So if $G$ has a left identity and a right identity, they are the same (this does not even require associativity!).
Suppose $G$ only has a one-sided identity, i.e. it contains an $e$ such that
For all $g \in G$, $eg=g$.
Must it be the case that $G$ has a right identity? Not in general; consider any set $X$, with the multiplication $xy=y$. This is associative (check!) and every $x$ is a left identity. But there certainly isn't a right identity! On the other hand, suppose that $G$ has this property:
For every $g \in G$, there exists $g^{-1}$ such that $g^{-1}g=gg^{-1}=e$
i.e. we have a left identity and normal inverses (inverse in the sense of the left identity). Then
$$geg^{-1}=g(eg^{-1})=gg^{-1}=e$$
The applying $g$ on the right shows $ge=g$. So $e$ is a right identity.
What about a left identity with only left inverses? Well, writing $g^{-1}$ for the left identity of $g$,
$$gg^{-1}gg^{-1}=g(g^{-1}g)g^{-1}=gg^{-1}$$
Applying the left inverse of $gg^{-1}$ shows $gg^{-1}=e$.
Taking $g=e$ shows that $e^{-1}=e$. Moreover,
$$ge=g(g^{-1}g)=(gg^{-1})g=eg=g$$
So $e$ is a right identity, and $G$ is a group.
Finally, for the case of left identity and right inverses, consider our counterexample from before. Every $x$ is a left identity and a right inverse for every other element. But it certainly isn't a group.