- Yes, it is a valid algebraic equation.
- Yes, when $x\ne0,x=x$ can be simplified to $1=1$ by division. $x=x$ is always
True but True is not an algebraic equation so it can't be "simplified" to True.
- Since all real numbers satisfy $x=x$, the graph would be the entire number line in $\Bbb R$ and the entire plane in $\Bbb R^2$ if you choose to introduce another variable $y~(x+0y=x)$. Note that $y$ takes any value for any $x$ and is not dependent on $x$ as expected.
Contrast this to the equation $x+y=1$ where $y$ only takes specific values for given $x$.