Past exam of the mathematics course of the University of Cambridge / 2008 / iii / Paper 26 / 3 / ii / Solution

Take $A=1$. By assumption $E=(1\downarrow F)$ has finite limits, so $E^{\mathrm{op}}$ has finite colimits. A filtered category is nonempty, admits a cocone over every pair of objects, and admits a coequalizing arrow for every parallel pair. The initial object of $E^{\mathrm{op}}$ gives nonemptiness, its binary coproducts give the required two-object cocones, and its coequalizers equalize parallel arrows. Consequently $\boxed{\text{(ii)}\Rightarrow \text{(iii)}}$. These statements also handle the otherwise possible empty category of elements.