STEP-BY-STEP ANSWER:
Step 1: Choose a nearby point Q on the parabola, for example Q(x, x²) with x close to 1.
Step 2: Compute the slope of the secant line, mPQ = (x² - 1) / (x - 1).
Step 3: Simplify the expression to get mPQ = x + 1.
Step 4: As x approaches 1, the slope approaches 2.
Final Answer: The slope of the tangent line at P is 2.